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Thursday, November 21, 2024

Hanover County's only institution spent $555,035 on basketball teams in 2023

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Robert R. Lindgren President | Randolph-Macon College

Robert R. Lindgren President | Randolph-Macon College

Hanover County's institution invested $555,035 on their basketball teams in 2023, a 6.4% decrease from the previous year, according to the U.S. Department of Education.

The county’s funding for the basketball teams comprised 14.4% of all money invested in sports teams in 2023.

The average sports expenses in Hanover County have grown 81.5% since 2010.

Basketball is one of the most popular sports played at U.S. colleges, as well as football. NCAA basketball teams are often as popular as NBA teams, and offer a different experience for fans.

In 2022, after a decades-long fight, student athletes nationwide gained the right to profit from their names, likenesses, and images as a result of a flurry of new state laws and an NCAA policy change.

The basketball fund received around 168.57 million dollars from NCAA revenue in the 2020–21 school year.

Basketball Team's Expenditures in Hanover County in Last 5 Years
YearBasketball Team's Expenditures% from grand total sport team expenditures
2023$555,03514.4%
2022$593,13015.5%
2021$353,40911.9%
2020$506,06814.8%
2019$542,07315.1%

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